Sensata Technologies Holding NV (ST)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,876,360 | 3,985,560 | 3,641,520 | 3,045,580 | 3,450,630 |
| Receivables | US$ in thousands | 744,129 | 742,382 | 653,438 | 576,647 | 557,874 |
| Receivables turnover | 5.21 | 5.37 | 5.57 | 5.28 | 6.19 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,876,360K ÷ $744,129K
= 5.21
Sensata Technologies Holding Plc's receivables turnover has shown some fluctuation over the past five years. The company's ability to convert its accounts receivable into cash has averaged around 5.64 times per year. A higher receivables turnover ratio indicates that the company is efficient in collecting outstanding payments from customers.
The trend in receivables turnover for Sensata Technologies shows a slight decline from 2019 to 2020, followed by a modest increase in 2021, and then a slight decrease again in 2022. However, in 2023, there was a modest improvement in the receivables turnover ratio. Overall, while the company's efficiency in collecting receivables has remained relatively stable, there have been minor fluctuations in recent years. This suggests that the company has been managing its accounts receivable effectively, although there may be room for further optimization in its collection processes.
Peer comparison
Dec 31, 2023